Latest Compliance - Statement of Condition Topics

Question: We have customers that have heard about the KYC proposal and are very upset. They want to send in comments. Do they write to the same address that banks do?

by Alan Dombrow, Senior Manager, CFI ProServices, Inc.

Question: We have been reporting foreclosures and write-offs on our borrowers.

They've warned us that they would do it, and now it is happening. The regulatory agencies will impose penalties for HMDA violations. The most recent penalty was imposed by the OCC.

Why